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Search Results 0 to 14 of about 15 (some duplicates have been removed)
haven't seen any political progress here. >> right. and mohamed, let me ask you this. let's talk act the first piece of damage we may see, which we saw during the debt ceiling debate, the idea that the u.s. gets its credit rating hurt again. there's been some talk about it from fitch. the net result of lowering the u.s.' credit rating the last time around and-in the debt debacle, it's kind of sad because the first experience most people have with that is it wasn't as bad as we were warned it was going to be. is there a real danger to the u.s.' debt rating and what could that mean? >> at some point, there was a danger. the reason why we haven't felt it is because we've been doing better than rest of the world. this concept that my colleague, bill gross says, wear the cle cleanest dirty shirt. so we're not clean but we're cleaner than europe is right now. >> right. >> so we haven't felt it. my main worry is the following, that if the republicans and democrats can't get together to solve the fiscal cliff you will need an external force, a major market sell-off, you will need a major eco
mohammed morsi granted himself sweeping powers to push through the draft constitution. a constitution that the critics claim cobol officer hard line islamic policy. gag palkot following it all from cairo and streaming now. greg? >> hey, shep. things are relatively quiet here in cairo right now. but they are going to get noisy again. supporters and opponentses of egyptian president mohammed morsi get ready for a referendum on that draft constitution. actually it's going to happen over the next two saturdays due to a shortage of judges who have to act as election monitors. one main judicial group is calling the document an insults. the opposition is very much involved in this now. they have branded the constitution as promise and noninclusive. they want their followers to vote no. but they will be up against it. morsi's muslim brotherhood party has a good ground game, an excellent grassroots network and calling for rallies outside of mosques on friday. and they also play hard ball. a national unity meeting planned for wednesday was canceled. we were told 'cause morsi didn't want to show
referendum tomorrow. it will take some time for that would support for president mohammed morsi we be judgment for what constitution should look like. will he prevail? will he come at the end of the process, process the powers that he claimed for himself two years ago, of which he has since relinquished? >> unfortunately, my answer is going to be yes. one is saying that we need to reject the referendum, the other part is saying no, we want to boycott. so now they are divided. the result is going to be the muslim brotherhood and president morsi is most likely going to win the referendum. on the other hand, the opposition is very strong in egypt. there is no return to the previous situation. what i suggest in the future is that mohammed morsi will win the referendum, try tooit establish an islamic state, he will see strong opposition for months and months. lou: moving quickly to syria as we wrap up. russia today -- from the deputy foreign minister, basically saying that they have acknowledged that bashar al-assad has been losing power and that his departure is a foregone conclusion.
ceo of pimco mr. mohammed el-erian. welcome back. >> thank you, bill. >> and i've given you your first question. i gave it to rick earlier. we've seen this rise in yields even as the fed met to try to bring rates down some more. even as the fiscal cliff negotiations continue on. you'd think there'd be a rush to these safe havens. that's not happening. have we seen the low for the treasury yields for the foreseeable future? >> it depends which bend of the curve you're talking about. if you're talking about the 10 year point, we would agree with rick. looks like a range between 1.6% and 2%. and the language of keeping interest rates at zero. the long end is going to be volatile and more dangerous. it depends where on the curve you. >> so -- i'm sorry? >> it was interesting. this was brought up by one of our portfolio managers this morning. the fed's statement was hawkish last wednesday. we don't agree. what the fed tried to do is provide greater clarity to the markets. >> right. >> but that had been misinterpreted as it being more hawkish. we don't think that is the case. >> so all of th
and opponents of president mohamed morsi. you see them here. critics say morsi is trying to install a dictatorship, with his recent power grab and the new constitution written. five people have been killed in the fighting. hundreds more have been injured. >>> new accusations that walmart and the gap may have played a role in that devastating factory fire that made headlines around the world. at least 112 garment workers were killed in the fire in bangladesh last month. this morning, bloomberg news is reporting that walmart and the g gap refused to help pay for safety upgrades at the factory. the companies have not issued any statement. >>> back here, a developing story near los angeles. police looking for the driver who ran down a little girl then sped off. it was all caught on tape. i want to assure you, the girl you see struck here is okay. she will be okay. she was dragged 30 feet, however, before she was thrown free. her horrified mother, you see her there, running to her side. police have released this video, hoping the public will recognize that suv. again, the girl you see st
the prophet mohamed. >> we've heard calls for ambassador right to resign. are you in favor of that? >> no. that's shooting the messenger. she was told to go out and do that. i blame the secretary of state, i blame the operatives in the white house and i blame our national security adviser. if the president didn't know exactly what happened, he sure as hell should have. >> cia director david petraeus steps down after admitting to cheating on his wife. tonight new information on his stunning resignation and the latest developments. >> there is a theory that, look, come on, we had great generals, mcarthur, patton, eisenhower, j.f.k., clinton, they all had unfairs. what do you say to that? >> well, i don't think the idea -- the problem is that general petraeus had an affair. i think the idea and the big problem is that he was director of the cia and he walked into right into one of the most blackmailable situations you can have. it's good the u.s. found out about it before the russians or chinese. it's not that he's a general messing around, and according to the code of the justice that's not
mohammed al ariane has probably been more of a proponent of the new normal. i don't know whether that's a pimco idea, the firm that pimco came up with following the fiscal crisis -- not the fiscal -- financial crisis. if you still believe that, what if we never get to 6.5%. >> well, hi, joe. it's great to see you. you're exactly right. just a month ago chairman bernanke for the first time acknowledged that the u.s. has structurally lower economic growth. but we've been calling the new normal for the last few years. and you're exactly right. that means the fed, if you combine that with yesterday's announcement, that means the fed is going to be exceptionally easy for a long time, and that it could be a couple years or could be three, four years, maybe even longer, because unemployment is now structurally higher. we hope it's 6.5% is not the new naru, the new minimum unemployment. certainly it is increasing. the longer people stay unemployed the more structural it becomes. the fed is really in a box here. they're trying to engineer financial market outcomes. trying to raise the prices o
indefinitely after supporters of president mohammeds mo morsi prevented judges from entering the building. >>> a strong warning today from secretary of state hillary clinton to the syrian government over the potential use of chemical weapons. one official in the obama administration told cnn there are worrying signs that syria may be considering the use of such weapons against rebels. new this morning, this mayor of this town along the border with turkey told cnn that jets dropped two bombs wounding several people. >>> it is 18 minutes past the hour. we are getting an early read on your local news making national headlines this story from "the boston globe." a year after the paper found that stores and restaurants across massachusetts were intentionally mislabeling fish. guess what? the practice continues. dna testing shows some business are showing cheaper, lower quality fish instead of what is written on the label. in one case, slices of what were supposed to be white tuna at a sushi shop were an oily species of fish that can cause digestive issues. that's terrible. >>> the "new york ti
those for and against president mohamed morsi after he gave himself unchecked powers last month. the opposition is calling for new nationwide protests ahead of the vote. >>> and the nobel peace prize has been given to the european union. the three presidents of the eu's main bodies accepted the prestigious award this morning at a ceremony in oslo, norway, but this year's choice was not without controversy. three former nobel laureates wrote a letter of protest saying the union doesn't qualify as a peace maker. >>> for the second time in two weekds, an nfl team overcomes the death of a teammate with a victory on the field. this time it was the dallas cowboys. on the sidelines sunday, the jersey of jerry brown jr. was draped over the team bench. a member of the practice squad, brown died saturday in a car crash driven by a teammate, the car was. the cowboys came back from a nine-point deficit to beat the cincinnati bengals on a dramatic last second field goal. brown's jersey was held up after the emotional win, and following the game, cowboys head coach jason garrett talked about
seeking -- [inaudible]. runners up include apple chief tim cook and the president of egypt mohammed morsi. go. >> are you surprised? this is time magazine after all. but i will say, barack obama did have a huge accomplishment. he managed to get re-elected despite his horrific economic policy, so maybe that's why he should win person of the year. >> sarcasm, but i like it. ken solomon runs the tennis channel, he's one of those reportedly in line, the hollywood reporter lists people under consideration including the white house designer, a hollywood philanthropist, this is common practice amongst presidents rewarding those with ambasssdorships. >> big donors and big bundlers usually get ambassadorships. this is not out of the ordinary. what is out of the ordinary is that obama doesn't do this around election time, he does this every single day of his administration. he rewards -- it's crony socialism, not crony capitalism. he rewards those who donate to him. stuart: friday december 21st some say the world will come to an end. varney & company will be on air. we will have a guest tomorrow wh
of protesters attack the egyptian president mohammed morsi's home throwing rocks and glass and bottles. according to reports, they've pushed down these barriers to actually protect his home. >>> plus, it is never been done before. this is a journey across the antarctic on foot and in the winter, but this great adventurer finally being attempted. we're going to hear from sir randolph fines about how he could be the first man to ever cross the south pole. >> it's like a drug. it's like an addiction. once you are bitten by polar records, you keep going for it. in advanced teacher education. let's build a strong foundation. let's invest in our teachers so they can inspire our students. let's solve this. when we got married. i had three kids. and she became the full time mother of three. it was soccer, and ballet, and cheerleading, and baseball. those years were crazy. so, as we go into this next phase, you know, a big part of it for us is that there isn't anything on the schedule. ♪ ♪ [ male announcer ] everyone deserves the gift of all day pain relief. this season, discover aleve. all
of president mohamed morsi. the constitution which passed a first phase of voting last week has sparked concerns over the power it creates for morsi. >>> "gangnam style" by the south korean rapper is the first video in the history of the internet to surpass one billion views. if you haven't seen it yet, here is a look at what you've been missing. [ "gangnam style" ] ♪ >> is there anyone really who hasn't seen that? is there anyone left? it's amazing. boy. i love that music. >>> we have much more ahead in the next hour of "cnn saturday morning" which starts after a short break. keep it here. and cut! very good. people are always asking me how we make these geico adverts. so we're taking you behind the scenes. this coffee cup, for example, is computer animated. it's not real. geico's customer satisfaction is quite real though. this computer-animated coffee tastes dreadful. geico. 15 minutes could save you 15 % or more on car insurance. someone get me a latte will ya, please? it's lots of things. all waking up. connecting to the global phenomenon we call the internet of everything. ♪ i
mohamed morsi. he decreed recently himself above oversight. he's behind the draft constitution which protesters believe will tip power the his favor. here's what some told reza sa h sayah. >> he doesn't want to listen to our demands. >> what's your message to him coming out here. >> that what he's doing is completely unfair. this is not what we asked for. it's completely dictatorship. >> egyptians will vote on the new constitution on december 15th. >>> nato foreign ministers approved turkey's request for pate yoz missiles to defend its borders. that meant to shore up defense against violence that spills over from syria's civil war. back in october errant shells hit a turkey town killing five civilians. >>> a man pushed on to the subway tracks into the path of an oncoming train, his terrifying final moments laid out in a newspaper for all to see. if the crime wasn't horrible enough, these images are sparking outrage this morning. >> yep. >> first talking while driving, now eating behind the wheel is against the law in one town. find out where when we come back. questions? anyone have
Search Results 0 to 14 of about 15 (some duplicates have been removed)

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